Target market

The Best of America IV is designed for clients with a 403(b), 401(k), 401(a), or SEP-IRA planning for retirement.

Product details

Maximum issue age: Annuitant age 78, owner any age
Contingent Deferred Sales Charge (CDSC): 7-year 7-6-5-4-3-2-1-0%
Fee: 1.30% (M&E 1.25%, Administrative 0.05%)
Maximum annual contract maintenance charge: $30
Minimum investment: No minimum for qualified accounts; $1,500 for nonqualified; subsequent: $10
Penalty-free withdrawals: 10% of purchase payment noncumulative after the first year (unless for RMD). Withdrawals of earnings at any age are subject to ordinary income tax and distributions prior to age 59½ may be subject to a 10% tax penalty.